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General

Toshiba to consider IPO of Landis + Gyr

Wednesday 12 April 2017 | 10:14 CET | News
Toshiba has added a potential IPO of Landis + Gyr as a way to raise cash to improve its balance sheet. Toshiba owns 60 percent of the Swiss specialist in smart meters and networks. This comes in addition in plans to sell part or all of its memory business. The company made the announcement with the release of its results for the fiscal third quarter to December 2016, which showed mounting losses, largely due to further impairments on its nuclear business. The application Chapter 11 protection by its subsidiary Westinghouse Electric Company in the US at the end of the March will lead to

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Categories: General
Companies: Toshiba
Countries: World
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